Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h 0.000%

Price spread now: Bybit against edgeX−0.146%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$250.251% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 7 days+0.141%+$14 · spread now −0.146%, 7d avg +0.023%

Together, before fees+0.049%+ Points / potential airdropedgeX: Active · farm board+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.169% cheaper against edgeX than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SOLUSDC	117.93	0.0100	pay 0.0050% / 4h	33m 01s	$94.7M	$381.8M	75x
Short	Bybit SOLUSDT	117.75	0.0100	get 0.0100% / 8h	4h 33m	$814.4M	$1.23B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee BybitbpOrdersPrice spread, now −0.146%Rate

Funding earned: $0
Price spread: −0.146% → +0.023%: −$16.85
Slippage, 4 orders: −$5.1
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$41.95
Costs to cover: 0.251%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; Bybit: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 4 min ago	2.13 bp	6.6 bp −$7	6.6 bp −$66	6.7 bp −$671	9.5 bp −$4,749
Sell Bybit live order book, 8 min ago	0.42 bp	5.9 bp −$6	7.2 bp −$72	11.3 bp −$1,133	21.1 bp −$10.6K

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SOL/USDC PERP	−0.0627%	1h	117.70	−0.191%	$4K	$41K	12x	as long as short
dYdX SOL-USD	−0.0186%	1h	117.80	−0.104%	$5.2M	$24.4M	20x	as long as short
Vest SOL-PERP	−0.0096%	1h	117.73	−0.169%	—	$728K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	117.78	−0.122%	$835	$8K	25x	as long as short
Bluefin SOL-PERP	−0.0077%	1h	117.82	−0.092%	$37K	$13K	25x	as long as short
Derive SOL-PERP	−0.0040%	1h	117.75	−0.149%	$1.9M	$3.1M	13x	as long as short
Aftermath Perps SOLUSD	−0.0005%	1h	117.76	−0.137%	$24K	$47K	20x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	117.83	−0.080%	$58K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	117.75	−0.147%	$1.2M	$20.7M	3.1x	as long as short
Perpl SOL	0.0000%	43m	117.80	−0.104%	$172K	$4.0M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SOL-USDT	+0.0007%	8h	117.71	−0.181%	$229.6M	$41.7M	75x	as long as short
KuCoin SOLUSDTM	+0.0049%	8h	117.77	−0.128%	$140.6M	$171.0M	75x	as long as short
BingX SOL-USDC	+0.0049%	8h	117.78	−0.125%	—	$10.4M	—	as long as short
ApeX Omni SOLUSDT	+0.0053%	1h	117.93	+0.008%	$1.5M	$6.3M	50x	as long as short
Orderly PERP_SOL_USDC	+0.0053%	8h	117.84	−0.071%	$1.1M	$5.5M	100x	as long as short
Kraken Futures PF_SOLUSD	+0.0061%	1h	117.84	−0.073%	$34.1M	$83.9M	100x	as long as short
Bitget SOLUSDT	+0.0062%	8h	117.76	−0.137%	$494.1M	$436.4M	100x	as long as short
Gate SOL_USDT	+0.0070%	8h	117.79	−0.115%	$862.8M	$655.8M	100x	as long as short
OKX SOL-USDT-SWAP	+0.0070%	8h	117.75	−0.148%	$366.0M	$1.65B	100x	as long as short
Lighter SOL	+0.0096%	1h	117.79	−0.112%	$13.4M	$48.9M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	117.75	−0.151%	$2.1M	$16.7M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	117.79	−0.114%	$348K	$747K	20x	as long as short
Paradex SOL-USD-PERP	+0.0098%	8h	117.74	−0.160%	$1.0M	$437K	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0098%	1h	117.88	−0.035%	$26.5M	$27.1M	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	117.81	−0.098%	$42K	$725K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	117.77	−0.131%	$5.4M	$39.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	117.89	−0.030%	$709.4M	$426.2M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	117.76	−0.137%	$177.4M	$170.0M	100x	as long as short
Pacifica SOL	+0.0100%	1h	117.82	−0.085%	$13.3M	$105.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	117.75	−0.153%	$959.5M	$3.62B	100x	as long as short
Bybit SOLUSDTshort	+0.0100%	8h	117.75	−0.146%	$814.4M	$1.23B	100x
Ondo Perps SOL-USD.P	+0.0100%	1h	117.88	−0.038%	$233K	$876K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	117.83	−0.082%	$1.8M	$8.3M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	117.65	−0.233%	$128.6M	$16.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	117.81	−0.098%	$421.6M	$1.04B	300x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	117.82	−0.089%	$24.1M	$36.3M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	117.73	−0.169%	$27.7M	$117.5M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	117.93	long leg	$94.7M	$381.8M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	117.82	−0.089%	$48.2M	$32.2M	20x	as long as short
StandX SOL-USD	+0.0100%	1h	117.78	−0.123%	$1.3M	$13.1M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	117.84	−0.072%	$383K	$2.2M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	117.80	−0.103%	$198K	$1.8M	20x	as long as short
SunX SOL-USDT	+0.0100%	8h	117.77	−0.131%	$192K	$1.9M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	117.81	−0.098%	$6.2M	$10.9M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	117.79	−0.115%	$45.9M	$96.0M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	117.79	−0.113%	$8.6M	$37.1M	50x	as long as short
01 Exchange SOLUSD	+0.0104%	1h	117.86	−0.055%	$114K	$133K	20x	as long as short
Coinbase International SOL-PERP-INTX	+0.0104%	1h	117.87	−0.050%	$7.6M	$393.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0112% / S +0.0048%	1h	117.71	−0.182%	—	$206.6M	500x	as long as short
Phoenix SOL	+0.0149%	1h	117.94	+0.013%	$7.4M	$11.4M	25x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0173% / S −0.0076%	1h	117.84	−0.075%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0183%	1h	117.80	−0.109%	$1.1M	$531K	25x	as long as short
RISEx SOL/USDC	+0.0185%	1h	117.86	−0.056%	$1.6M	$6.5M	20x	as long as short
Hibachi SOL/USDT-P	+0.0216%	1h	117.72	−0.178%	$117K	$526K	20x	as long as short
BloFin SOL-USDT	+0.0220%	8h	117.80	−0.106%	$51.8M	$91.7M	125x	as long as short